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to serve in the u.s. congress, and got over 67 bills passed through congress including title seven, head start, national student loan program, but that preacher dr. butts had lifts us to the seventh heaven with his oratory and after the service was over as i followed the platform party out to the foyer of that great cathedral there i looked up and i beheld a beautiful quilt at the center of many other quilts that the quilting ministry of friendship church had put on display, and when i saw that quilt that caught my eye i said to the pastor "dr. clifford jones, i want that quilt. i want that quilt ." dr. jones says "it's yours". when he took me to the car the limousine was there waiting for me and before i close the door i looked at him again and i said "dr. jones i want that quilt". he said "i told you it's yours. i will have my secretary mail it to you .". two weeks later package appeared in my office. my secretary pearl said "here's a package here for you". i looked and saw it was from friendship church, and i opened it and low and behold there was my beautiful quilt, and when i
ceiling, and he said he wasn't going to not pay the bills that congress has passed. i would remind the president these are for programs that he was the one that instigated. it's his health care law. i'm a doctor. that law continues to be unworkable, unpopular and unaffordable, and it's the president's stimulus package that i believe was a failure. >> well, many of the bills do predate 2008, but unfortunately we're out of time. i wished we could talk more. senator barrasso, thank you. >> thank you, victor. >>> alison kosik is at the new york stock exchange. 250 points many on the day, alison. >> how long will the good feel last? we'll be back after the break. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from pro
that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the
congress passed late last night. this started out as a debt reduction bill and ended with spending and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely because of the extension of lower tax rates for almost all americans. 330 billion dollars of it is also an increase in spending, an increase in spending, more, more spending. plus, congress packed in some special gifts for the railroads, the car racing business, and some friends in hollywood who have some deep pockets. chris is our host of power play on foxnews.com live. happy new year! >> happy new year to you, merry cliff-mass. >> megyn: we went off the cliff and we're kind of off it, but moved the cliff and the cliff is in a weird place. postponed part of it. in any event, there's big tax hikes for the rich and hikes for everyone,
the fiscal cliff bill and president obama is thanking congress for passing it. but when he spoke late last night, he said he hopes for less drama in the future. >> there's looft work still to be done -- lot of work still to be done. now the bill heads to the president for his signature. surae chinn is live on capitol hill with more on where we stand now. we have plenty left to do. good morning, surae. >> reporter: that's right. good morning to you, mike and andrea. it's not as big of a financial package as some lawmakers would have liked but a deal is a deal. in the end the house did end up approving the senate fiscal bill around 11:00 last night by a margin of 257-167 opposing votes. and some consider this a political victory for the president that comes one day after the fiscal cliff deadline. but the deal will work retroactively to extend the bush era tax rates for most americans. it is what he campaigned on to raise taxes on the wealthiest. the bill raises income taxes for individuals earning $400,000 a year and families earning $450,000. it includes an extension of unemployment benefi
. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from going up. they have known for more than a year that tonight was the deadline and they just blew it. the deadline to prevent that massive $600 billion combination of tax hikes and spending cuts will be missed. but the scramble continues. to try to get a deal done and passed over the next day or two, that would put the tax cuts, at least, back in place retro actively. and today, they sure seemed close to a deal. >> i can report that we've reached an agreement on all of the tax -- the tax issue. >> reporter: and even though the deal was not finalized, the president seemed to take a victory lap today at the white house. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously, the agreement that's currently being discussed would raise those rates and raise them permanently. >> reporter: it was a campaign-style event. >> i'm going to be pre
: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> well, here's the problem for dairy farmers. they don't want chaos in the milk market. it sounds good. gee, everybody will double or triple the price, but who's going to buy it? >> caller: nobody will buy it. >> nobody will buy it. >> reporter: shoppers couldn't understand why congress couldn't solve this problem. >> they all need
thanking congress for passing a bill on the fiscal cliff. >> another nail biter as they waited to the last minute to get this one done. we're live on capitol hill to talk about what exactly we have accomplished here. >> a lot of people feel it always is down to the last final hours and minutes to get a deal done on capitol hill. that was the case again with this issue but there is a deal done and many say it is not a perfect or permanent fix but it does keep most americans taxes from going up. it it -- also appears to be a victory for president obama. the bill allows for most of the things he talked about during his campaign. it will shield those earning less than $400,000 from seeing their taxes go up. it extends some of unemployment benefits as well. some members of congress say it does not go far enough and sets up another showdown over fiscal issues in 2013. others believe the country could not afford not to pass this bill. the president talked about all this right after the passage. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on
new year's day the price of mill could be double if congress doesn't pass a new farm bill w no deal in 1949 law kicks in that would force the government to pay dairy farmers much higher prices for milk. sales of new homes jumped 4.4% to the fastest pace in 2 1/2 years. new home sales are up more than 15% over the past year. ford will spend more than 3/4 of a billion dollars to expand a half dozen plants in michigan reit -- creating more than 2300 jobs part of the promise to invest 6.2 billion dollar in the u.s. plants and create 12,000 jobs by 2015. and the biggest movie flop of 2012 is cop horror film play back grossing 264 dollars meaning about 2 dozen people bought tickets. and that's america's money i am brandi hitt. >>> you're watching the station that works for you, now, good morning maryland. >> it's getting cold outside. the first hypothermia related death has been confirmed in maryland. find out how you can stay safe during the wintery season. >> we are worried and talking about going over the fiscal cliff but there's another deadline that could seriously impact our area. w
expiration of the farm bill. congress passed a farm bill back in 2007 and it contains as all previous farm bills had subsidies and price supports for dairy products and what happens is the federal government guarantees dairy farmers certain levels of prices for their products. and the government buys up milk, cheese, all sorts of dairy products to make sure that that price level is maintained. now, what is going to happen is the farm bill is supposed to expire at the end of this year or just along with everything else. and there had once been hopes it would be included in some sort of grand bargain with the house and senate. the senate was working on one bill and the house on another type of bill and they never agreed so that is out of the picture. the problem here is the existing farm bill has a clause if it is not renewed if there s no new farm bill passed, then prices will revert to the subsidy structure that existed in 1949. it was double the amount of sub is sidisubsidies that exist toe price levels. that could mean that a gallon of milk which today $3.60 or $3.65 which is the nationa
to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
that passed both houses of congress. here are the numbers to call -- you can also find us online. send us a tweet. or join the conversation on facebook. you can also e-mail us. the "washington times has this headline -- and in the washington post -- we would like to hear what you think about this bill. we will be digging into it more, going over some of the details. if to give us some perspective is pete, a staff writer with the the hill newspaper. thanks for being with us. guest: hi. host: they talk about the house republicans balked at first. what was the sticking point? guest: you used to just have to keep taxes low. but with the debt creeping up more and more, it is increasingly coming to play in our republicans think. when they first look at the deal yesterday the senate passed, they're looking at it when the cbo scores came out and the source said this is a bunch of new debt because we are letting people off the hook on texas and a little bit of spending cuts and that is not what they wanted and it is not the balance to deal they were seeking. for a bunch of hours, it caused them al
social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the restrictions allowing net flicks his additional there was also to media outlets by facebook and twitter. >> the new feature will be available to use in the u.s. starting the new year. >> continuing to track gas price across the bay area the average price of private picture posted by mark zuckerbergs sister on a parcel that the profile of the lead. facebook marketing directors of following them posted on twitter count for more than $40,000 to sea. >> and his sister ready to it at the facebook directors and a picture was meant for france only. >> content to dry gas price across bay area the average price per gallon of regular gasoline remains at three rows in sentences col. $3.49 and oakland. $3.50 in san jose. and at $3 system to sent here in california statewide. >> to toyota settled with our orders over unintended acceler
soared on wall street and around the world after congress passed the last minute budget deal averting the fiscal cliff. the dow finished up 308 points to close at 13,412. >>> coming up at 5:30 we'll look at the winners and the lose he is of the fiscal cliff deal -- losers of the fiscal cliff deal. we'll break it all down. >>> at the top of the show you heard him, a little bit of governor chris christie blasting the republican led house representatives. he said a plot more than that and his hard -- a lot more than ha and his harsh words have gotten some action. the house will vote friday on $9 billion in aid for superstorm sandy relief. the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disa
congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond yield is lower investors are thinking this is the safest bet stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers university professor who is the perfect guest. >> happy holidays. lori: starting with consumer confidence if you look at the psychological impact of the fiscal clift debacle. >> prior to the holidays with a con
and democrats. they are going to ask why is it can't. >> the other aspect is the price of milk. because congress didn't pass a farm bill this year the strange system of supports from 1949 would go into effect that would praise t raids the price of milk there. may be some kind of a fix thif they can get a passed this year. congress realizes something like this just like the tax issue it affects about everyone. >> it can get to be a real expense for families with children. the top five stories making news at this hour. herbert norman swoerts could have schwarzkopf died of complications from membpneumoni. he drove sadam shhussein seas forces out of kuwait. george bush who approved the coalition approved the comment: schwarzkopf received numerous honors including three stars. >> did she or did she not force the head of the epa to resign. she resigned for new challenges and time with her family. attorney chris horner sued the white house for access to the e-mails. the justice department ruled they must be released. the e-mails caused jack ton to resign. people knew her real e-mail. chris warner will
. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the incredible video that shows a plane crashing into a freeway. director of star trek movie is back in the day, we didn't have the u-verse wireless receiver. [ light laugh ] the tv stayed in one place... mmmmhmmmm. ...right next to the upstairs tv outlet. oh yeah. they can move the tv all over the place, even outside. grandpa... mmmhmm? kids have it easy nowadays. [ glasses clink ] i'm trying to tell ya. [ male announcer ] the wireless receiver, only from at&t. get u-verse tv for $29 a month for 6 months. at&t. ♪ >> ama: several new laws will take effect beginning new year's day. one is underage drinking on party buses
, they may have to change their position after january 1. congress can always pass something retroactively, which would have an effect retroactively. but the damage would be done to the republican image of being a constructive element in these negotiations. >> the indian student whose gang rape sparked mass protest has died in hospital. doctors treating the 23-year-old said she was showing signs of severe organ failure before she died. the high commission in singapore was at the hospital, and spoke to the media shortly after her death. >> in the end, she succumbed to her injuries. the family of fort is shattered by what happened. at the same time, they realize the critical attention was paid to her. in the end, it was the scale of her injuries that were too much for the medical treatment provided to her to overcome. >> a sad end to the victim's life. tell us about the details coming up from medical sources. >> here, the doctors said her vital signs had been dropping. she had organ failure, damage to her body and brain. she has been in hospital for 10 days. there were daily, up to the our u
as shoppers to be taking a detour around the dairy aisle. that's because prices could double if congress does not pass the farm bill. >> was based on the 1949 production processes of milk production. >> if lawmakers do not come to an agreement, washington will be forced to pay farmers based on outdated calculations. ilkabout $8 per gallon for mel sometime after january 1. >> we get milk. i have a son and he likes it. i will start getting only soy milk. >> those customers could spell trouble for the dairy industry. >> dairy farmers will see an increase in their income but it could force individuals to find substitutes for milk. >> cheese is big in my house. >> i would still continue to buy them. >> we do not need one more thing going up in price. >> sarah sampson, wbal-tv 11 news. >> $3.65 a gallon is the national average price for a gallon of milk. that brings us to our water cooler question of the day. would you continue to buy milk no matter how high is the price goes, would you consider all turner products like soy milk? you can share your response on wbaltv.com, on our facebook page, or s
be taking a detour around the dairy aisle. that's because prices could double if congress does not pass the farm bill by the end of the year. it includes a dairy subsidy that sets the price farmers are guaranteed to get for wholesale milk. >> the old price subsidy was based on 1949 production processes of milk production. >> according to towson university economic experts, if lawmakers cannot, with an agreement washington will be forced to pay farmers based on very dated calculations. >> it will go into $38 per 108th, which would be about $8 per gallon sometime after -- refers. >> as lawmakers grapple with the fiscal cliff, the repercussions of the so-called dairy cliff has some souring when it comes to buying milk. samantha, who already splintered card with the dairy milk and soy milk third >> would get milk still because i have a son and he likes it, but i am not going to continue buying it because of going up. i will start getting only soy milk. >> it could be those customers to gravitate toward alternatives that could spell trouble for the dairy industry. been a challenge for the ma
. prices could double if congress does not pass the farm bill by the end of the year. >> the old subsidy was based on the 1949 production process of milk production. >> according to a university expert, if lawmakers do not come to an agreement, washington will be forced to pay farmers based on very dated calculations. >> it would translate to about $8 per gallon some time after january 1. >> as lawmakers aha new york russell with the fiscal of, some shoppers are already suffering on milk. >> we have a son, and he likes it. i am not going to continue buying it. >> customers who could start gravitating toward moment milk could pose -- toward almond and soy milk could cause problems for the dairy industry. >> people might find subsidies to milk. >> it affects other items, like cheese and ice cream. >> it is big in my house. but we would have to cut back. >> if there is one thing everyone can agree on -- we do not need one thing going up in price. >> right now, the national average price is about $3.55 a gallon. we would start seeing prices increased up a little bit, right after the first. w
on that and the republicans -- he has passed to do that -- he has to do that because the congress has to agree on that. >> to find out how global exchanges have responded, we will hear from frankfurt in a moment. first, this report on the first trading day of the year, starting in asia. fanfare for the start of the new trading year in south korea. analysts here are optimistic, despite the eurozone's continuing debt crisis and concerns about flat economic growth in developed countries. news that washington had sidestepped the fiscal cliff boosted markets across asia. >> people are very relieved this morning because the u.s. is very likely to fix their own problems in the next few days. >> the kospi index had a rise of 1.7%. the hang seng climbed above 23,000 for the first time in more than a year-and-a-half. most analysts are still urging caution and say that many of the world's economic problems remain unsolved. >> 2013 is likely to be a year of high risks and high returns compared to the previous year. in the latter half of the year, stocks will rise due to a recovery in the developed world. >> stock
months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, technically t
as tomorrow to head back to grshington d.c. to put pressure on congress to pass that democratic plan. jim? >> any indications, nancy, where thewhether the republicans are willing to play ball with senator reid in this proposal? t well, they say they're withholding judgment until they see the legislation, but in the past, a handful of senate republicans have said that they would be okay with letting the bush tax breaks lapse for people making over $250,000 a year if that was their only option. the real question is whether house speaker john boehner would allow a vote on this plan on the house floor, knowing that so many house republicans oppose o. jim. t nancy cordes with the president in hawaii. thank you. farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervo
of debating and back room deals, congress has passed a bill which will pull the country back from the fiscal cliff. >> on this vote the yays are 257. the nays are 167. >>> the bill extends the bush-era tax rates for individuals earning $400,000 per year and couples $450,000. it also delays across-the-board spends cuts. >> i'd like to speak for this bill but i can't. >> 151 voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for the first time in u.s. history. >> consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. >> but many
expedient but costa to government and will expire in 10 years timing. >> houses of congress have passed the package of tax relief. this will impact the middle-class. the one those cuts were going to expire the u.s. was just emerging from the worst recession since the great depression. he agreed to extend those tax cuts for two more years for congress to extend federal emergency unemployment benefits. those costs are expensive. extending those to 2020, the bush era will be responsible for over one half of the total national debt. democrats insist that tax will go up for the wealthy but stay in place or under $250 k! >> we need to stop the job killing tax hikes and also cut spending, now. >> republicans cannot want to play ball. no more higher taxes on any one or the rich. they say that this ideology should the government as small as possible the rich are as old as governments possible. the main spokesperson is this man, grover norquist. the americans for tax reform. he was almost regenerating all signs from republicans, signatures -- from republicans. this became 2011, when it came to we
boehner have not spoken since yesterday but shortly after the final talk the president urged congress to pass at least a scaled down measure to avoid going over the fiscal cliff. now unless both sides can agree on anything close to $1 trillion in spending cuts and tax increases will go into effect beginning new year's day. from there megan some are projecting the country compound find itself in -- could find itself in another recession. >>> even starbucks is getting into the fight over the fiscal cliff. the coffee company's ceo wants the workers in the d.c. area stores to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> the people would get in the room and leave their ego behind, and not be so skewed to the party but be so sensitive to the lens of the american people we will have an agreement. >> this is just a suggestion from the ceo. he says that baristas won't be forced to write anything but a customer's name on the cup. charlie with your nonfat triple skim ex
of the fire is still under investigation. >> president obama is thinking congress for passing a bill that prevents us from going over the fiscal cliff. it stops a middle-class tax hike and raises taxes on the wealthiest americans. the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican his railing against. >> i called the speaker four times last night after 11:20 and he did not take my calls. >> publicly bashing john boehner, chris christie and others from the hard-hit areas of new york and new jersey did not hold back of the house's failure to vote on the sandy relief package last night. >> we cannot believe this knife in the back was delivered t
whether the senate will vote today. congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer has the forecast for us. >> things looking okay out there. look for a sprinkle, maybe a flurry, but don't expect it to impact your plans. take a look, and the cloud cover continues to make a way in. you can see a lot of what looks like rain and snow back toward the west, but most of this not reaching the ground. the atmosphere just a little too dry. as i mentioned, maybe a sprinkle or flurry. later on, i'll update the exact midnight temperatures. many of those locations all looking pretty good. i'll talk about that coming up, plus how cold will we start off 2013. >>> about a mill
resolution, and congress has to pass another budget so that our entire government just doesn't shut down on us. if congress doesn't get its act together fast we'll be in a similar situation before we know it. the congressman-elect from florida joins us. my first question, sir, is are you looking forward for joining this group of legislators, given this despicable state of paralysis. >> this is a new congress i'm joining. the 112th congress, this is definitely disheartening, but it's not a surprise. the new congress, about 90 new members, all elected on a message of bipartisan, so the freshmen i have met all want to do something big, we want to do the big choices, so i'm excited to join this congress. >> what do you consider one of the big choices? everything will have to hurt. where are you prepared to hurt? >> you're right, it will have to be across the board. what we just did is a bain aid. i'm very disappointed. we are continuing to kick the can down the road. it's just not right. we're not putting our children and grandchildren in a strong position. unfortunately we have to look at c
in ten year's time. >> both houses of congress have passed tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. was emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american politics, but the philosophies main spokesman is this man, grover norquist, president of americans for tax reform. his pledge signed by almost all republicans in congress for
passed the senate bill late last night averting fiscal disaster for the moment. live at our nation's capitol with details. good morning. >> good morning, the country did go over fiscal cliff but congress have fixed the mess. what they passed is retroactive, 90% of americans will not see a change in tax rates. >> they finally got it done. congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided to the to lengthen the fight. >> what is the alternative? go out $4 trillion of tax hikes for the american people, market uncertain. >> the bill shields people earning less than $400,000 a year from tax increases and extends unemployment benefits for roughly 2 million p
into passing a farm bill and now it threatens to sour american's milk if congress takes it over the milk cliff. the temporary solution would be to hold an extension of the existing farm bill into the wider fiscal cliff resolutions and that is not moving. in los angeles, dominic dinatali, fox news. >>> things are going to show up in a different like in between the 13, literally. manufacturers are not going to make 75-watt lightbulbs. the cfl bulb and l.e.d. bulb is replacing them. the idea is to reduce energy use by 75%. >> l.e.d.'s, the biggest claim to fame is that they last a really long time. we're talking about 25,000 to 50,000 hours. and to put that in perspective, if you put a lightbulb in your child's nursery, you probably wouldn't have to change it until junior was ready to go to college. >> the 100-watt bulbs have been phased out. the 60- and 40-watt versions will disappear later. >>> speaking of green initiatives, this is a way to get rid of a real christmas tree. in rhode island, a petting zoo is letting the animals chow down on them. the simons farm has 50 goats and they into pine,
doubling. it is it a mechanism that congress needs to update and the senate passed the law and legislation . now for the house leadership to bring it up. it is it simple and uncompplicated provision to do the law. that is fine and you will have many, many government and dairy farmers going out. >> and john, i haven't milked the cow. but that takes a long time. not to menti it is corn and wheat . affect everying we eat for dinner. this is it a tirible policy.. i grew up in sweetwater, texas and nearnevermilked a cow . it is expoalates that to the ear 2013 . that's how you come t eight dollars. and according to the provision they can't give it away to charity. they don't have the ability to store all of this. and this is what happens wn congress over decade puts band aids on to of everything. saith the tes. we are so cashtrapped to begin with. and the consu d it is helping out. it compounds over and over ain . reality is supply and demand even out over time price of milk depending on how much it costs tproduce it nothing about the dairy clip but what about inflation on top of this. nood pric
. >> yeah. he says the bill passed by congress last night is mainly a ticket to another fight which we'll talk about, but how does all of this affect his investment decisions for 2013? wilbur joins us now. good to see you. welcome back, sir. >> good to be back, thank you. >> are you encouraged or dismayed by the bill passed last night? >> well, i'm encouraged in one sense in that at least the vast majority of american taxpayers will know what their rates will be, and there's not that much of an increase. for most people the increase will be basically the two percentage points on social security and a little witt higher limit, so from the average person's point of view, that's okay. the disappointing part is that it didn't really deal with spending. there's a ratio of $41 of tax increase to $1 of spending decrease. >> right. >> that's not kind of balance we need to fix the budget. >> wilbur, though -- >> we have to wait and hope. >> the fiscal cliff wasn't about the deficit. it wasn't about the debt. it was actually about stabilizing gdp. i mean, that's the cliff, that's about making su
. congress not passed a new farm bill. if it fails to pass, the price of milk and cheese could skyrocket. a gallon of milk, costing $3.65 on average now could soar between $6 and $8. this stems from a 1940s law that required the government to buy dairy products based on old production costs which would force prices to go up. >>> the house ethics committee has found no violations from house members who secured mortgage loans through the company. there was an investigation into their mortgage loans which they allegedly reached out to country wide lobbyists for help. the committee said nearly all the loans under investigation fell outside the panel's ju jurisdiction. >>> president obama is urging dock workers and shipping companies to reach an agreement. they'll strike on sunday if no deal is done. >>> contract talks broke down earlier this month. the 15 ports involved in the dispute move more than 100 million tons of goods each year. the economy could lose billions of dollars if they shut down for even a few days. >>> 30 families are looking for temporary shelter after a massive apartment
passed congress at. if this does pass we will have probably a little firmer guidance from the treasury department about how much we can expect before we honestly hit that deadline, august 2nd 2011, raising the debt ceiling beyond. here we are again. diane: another one of those things constantly being temporarily passed. we don't have to keep going through this. rich: that's one of the pieces. this would permanently take care of that, and so it's one of these budget things that never went to its way into long-term budgeting for it, but congress would be honest about it and just go head. the other thing the republicans are starting to look at here is now the tax rates have all reverted to clinton error rates, it happened at midnight this morning or last night, they would be voting to attacks hit that amounts to nearly $4 trillion from current tax rates. and so that's something republicans have been talking about as a positive in all this, that if they don't fall for this there would actually be voting against the tax cut. there is bending the they don't like. it all like the one year ext
. this was designed by congress to force congress's own hand. if something passes at the last minute, it's a case of at least that part of the system working out, congress doing what it forced itself to do. i think cornell is right about the problem facing republicans right now, right, which is that the incentives for each individual member of the house of representatives, everybody republican member, are in a sense to oppose president obama as strongly as possible because most of them represent safe seats where the biggest danger is a primary challenge from the right. but the incentive for the party as a whole is the legislative landscape is tilted very strongly against republicans right now, taxes are going to go up in some sense no matter what and for the long-term future of the party, it's probably better to retreat and find new ground if fight on. so much you have those sort of duelling imperatives at work. >> thank you both and we'll see what happens on monday. >> more breaking news coming up. a rare case of lawmakers over on the senate side actually getting something done, something that t
they passed. >> now, he's totally right. congress has already spent the money it's not going pay back. but that's not the point. the point is i'm not going to negotiate on it? "outfront" tonight, riah, roland ma martin and john avlon. we've heard those kinds of promises before from the president. he gets angry about certain things and says he's just not going to do it. here he is on the bush tax cuts that he said $250,000, that's the limit. here he is. >> i'm not going to ask ask stus and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. >> sorrow la, roland you heard . he's doing it at 450. you can't say you won't negotiate on something you're going to have to negotiate on, right? >> actually you can. it's called negotiating position. we see it all the time. how many times have you had people when it comes to negotiating a contract i won't take less tha
says the congress has to pass a budget every year, the senate has to pass a budget but harry reid has chosen not to bring a budget year after year after year. he's not committed to dealing with the major problem of the country, the spending. >> and it's sort of interesting. nevada re-election him, that's their choice but the rest of the country is held hostage. people in my home state of wisconsin, if they don't like harry reid has majority leader there's nothing they can do. they can put pressure on their senators, but for the most part senator harry reid is in a very powerful position. >> i think he's taking orders from president obama. this is time for the president of the united states to lead. there's only one person who has the pen who can sign into law the law preventing us from going over the cliff and if the president actually wanted to get it done, he would tell harry reid and others this is what we had to do and he would make the arrangement to make sure we didn't go over the cliff. so i think he's just -- senator reid is just playing the role for president obama. >> you sa
. there was a very heated debate. congress passed the fisa amendments act of 2008, and that was to replace the warrantless wiretapping program with new authorities for the government to collect the phone calls and emails of those believed to be foreigners outside the united states. now, the centerpiece of the fisa amendments act, mr. president, is a provision that is now section 702 of the fisa statute. section 702 is the provision that gave the government new authorities to collect the communications of people who are believed to be foreigners outside the united states. and this was different than the original fisa statute. unlike the traditional fisa authorities and unlike law enforcement wiretapping authorities, section 702 of the fisa amendments act does not involve obtaining individual warrants. instead, it allows the government to get what's called a programmatic warrant, lasts for an entire year, and authorizes the government to collect a potentially large number of phone calls and e-mails with no requirement that the senders or recipients be connected to terrorism, espionage, the t
's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours a
in the republican leadership, this is a binary question for the republican congress. either pass this bill the way it is or amend it to a way that is more likely for house republicans. the option he has not put on the table is go home and leave it be. what you will see in the next 24, 48 -- well, we don't have 72 hours anymore in this congress. what you will see in the next hours is getting through, getting done and getting the president's desk. whether it remains in the current form or not, the question we will have answered tonight. >> what is the collar damage if it gets done? does it matter? does john boehner come out of this weakened or strengthened? >> john boehner's weakness and strength are kind of the same thing. he tends to take a laissez faire approach with his guys, doesn't kick them in the side very often. not able to do that. that makes him popular, means people like him, but it's hard for him to command his troops. i don't think he comes out of this any worse off than before in terms of members of his caucus, they look at him as having created a strategy that is narrowly navigating
congress to pass a farm bill. >> it would be to fold it in the farm bill but thane is not moving. >> eleanor holmes nor top held a press conference with vincent gray to call on the house republicans to restore the district vote on the house floor that was taken away last year. the change would give her to give her ability to proposed changes but not on the passal of legislation itself. >> imagine being fired for being too good looking and find out that the law is not on your side. also guns may be coming to a school near you. find out what is thinking about arming. and the grapevine is up next. >> doug: now fresh pickings from the political grapevine. arizona could soon have guns in schools. the state attorney general proposed program to train one person at each school to use a firearm. mission to the training, the school principal or designated staff member would have access to a secured firearm on school grounds. the a.g. said the proposal is analogous to pilots on planes. democratic minority at the statehouse fired back saying this is a simple horribly, horrible idea. plan wou
those in need, urging congress to pass this type of relief bill. why do you think boehner is not moving on this? congressman isic ia -- isa said filled the bill will pork. do you think that's the reason why your house republican colleagues aren't moving this or speaker boehner is not moving on this? or is boehner worried about showing a preference to new york city for some of the more conservative red state members of his conference? >> well, that statement from congressman isa shows how quick house republicans are to jump the gun against new york. the fact is every one of those items was taken out of the bill. every one of those items. they were put into the senate and taken out of it in the house. the bill that was going to go on the house floor did not have any of those items that congressman isa was talking about. john boehner wouldn't talk to us last night. i would say with the fiscal cliff and people in the party talking about spending he thought it was too much to put together but this is always separate. the part of leadership is to be able to distinguish and say this is not som
farm economy, which we currently kind of have. congress always passes a farm bill or renews one that is in effect. they do it, because if they don't do it, the farm legislation lapses and we revert to farm laws between 1938 and '39. the house has not even voted on its version. congress doing nothing about even the stuff everyone is paying attention to, not to mention being famously not in session, it seems highly unlikely the house is going to get it done in time. so what? here's what, in one example. if there is no new farm bill six days from now, the government will have to abide by the provisions of a 19 49d law regarding milk. that would require them to buy milk from dairy farmers at hugely inflated prices. if that law takes effect again in 2013, the government will be forced to pay double what it currently pays for milk. for a short time it will be awesome for dairy farmers, they can sell as much milk as they can to make a ton of money. even dairy farmers know that the windfall will be bad news real quick. the government run on milk will lead to shortages for people who buy
congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >> flabbergasted. i looked at him, you can't be serious. i've just never seen anything like it. >> so when you said you wanted to be led, you just wanted a plan, that was a joke? so the white house agreed, then, no more leading, that was not what their partners in the house of representatives wanted. instead, white house and boehner entered into intense lengthy negotiations. and by the end of them they seemed really close to a deal. the white house had agreed to cut their tax ask by about 400 billion, to increase their spending cuts by another 400 billion and only ask for about half as much stimulus. they moved toward boehner by
that the federal government should be the agency that registers guns. in fact, laws congress has passed forbidding it. some states permit registering guns. why is that? it's been a thing. it's part of the hysteria created by the extreme gun rights groups about any gun regulation is the first step toward seizing your guns and destroy your freedom to own and use firearms. while it's not. it's sensible. you register cars. they can kill people too. the primary purpose isn't to kill people i like it is the primary purpose of handguns. >> guest: a lot of people 3 >> guest: a lot of people come if i'm going to sell my car to my next-door neighbor, he still got to go through the governmental paper or transfer the official title of the car. the car has to be registered. if i get in an accident with a car, somebody's going to analyze why the accident happened and eventually do we need stricter rules on drunk driving or distracted driving or texting while driving or maybe worth of a salty, citing faulty, kara faulk? does several things to look at when we look at auto accidents. going from individual responsi
months of drama and intense has minute negotiations congress finally passed legislation to avoid the fiscal cliff. lawmakers completely blue the keyed line and no grand bargain both parties claim the ultimate goal. tonight both democrat and republicans gave themselves credit for getting something done. >> this is a very, very strong fears step. >> this is an important one. this is critical one for the future of the country. >>reporter: there was considerable hammering on republican lawmakers about the look of spending cut in the senate passed bill. some wished to tweak that with spending cut added on but ultimately not enough votes to get it passed. fiscal cliff deal was passed with overwhelming bipartisan sport this morning stepped tax cuts for all workers earning less than 400,000 dollars a year. prevent tax hike on estate valued at less than 5 million dollars. extend unemployment benefits that were set to expire today for some two million people. since congress missed january deadline the country did go over the cliff but bypassing the compromise deal on the house and se
not necessarily be permanent. the new congress could pass legislation to cancel them retroactively after it begins its work next year. >> while the so-called fiscal cliff has dominated the news headlines, the senate is also preparing to vote today to continue a controversial domestic surveillance program. in a blow to civil liberties advocates, the senate rejected three attempts thursday to add oversight and privacy safeguards to the foreign intelligence surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot act, and advocated for ending the war on drugs. dennis kucinich ran for president in 2004 and 2008, down to create a permanent peace. he is former mayor of cleveland, ohio. congressmember, welcome back to "democracy now!" >> thank you. >> your term would be over except you have been called back on sunday, right, to do with the fiscal cl
of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do is without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims
to make it. if congress, the house were to amend that proposal to add the spending cuts to the bill the senate passed last night, republicans understand the senate is unlikely to even consider those changes. >> we are breaking up to go vote in just a moment on otherments. we do expect to vote on this later tonight. >> and what have the amendments, fiical cliff bill taking shape? what are the, size of the cuts you're looking for, where do they come from? >> we're just luking at one possible amendment. and they are going to decide after doing a little bit of discussion among members whether or not to bring it up. >> do you sport that test. >> huh? >> do you support that test? >> personally feel the senate will probably just ignore it as they did a year ago on the payroll situation. and that we'll still be back here. basically dealing with the underlying bill which is the senate version? >> do you have a chance for up-or-down vote on unamended version of the bill? >> yes. i think that will be tonight. >> do you think that will ultimately get past the republican caucus, do you have any
passed by congress that a lower court had held unconstitutional. so i think it's most likely that we will have that issue before the court, toward the end of the current term. and then the person who asked the question will -- [inaudible] have the answer. >> another question comes from the auditorium. the lilly ledbetter case, one where you wrote a very emotionally charged dissent, that you, as i recall, read from the branch a game binge -- read from the bench, which is a rare act. and you reflect on that and also how it felt to have literally your request in the dissent, that it's up to congress, answered in the ledbetter act passed. and i believe the first law that president obama signed. >> i should perhaps process might answer by saying when anything is ready to be reviewed, the author of the majority opinion will summarize the decision from the bench. not read every word of the often long opinion. and then will note at the end justice so-and-so has filed a dissenting carry. so they're not ordinary from the bench unless you feel that the court not only got it wrong, but meaningfu
against the wall right now. and as they try to find a plan that can pass congress. let's hope they do. cnn's chief white house correspondent is jessica yellin. she is following the negotiations, working very hard on this saturday. so jess, democrats and republicans are supposedly working on a plan, even as we speak. what do we know about it? >> reporter: well, we know, don, that it's the senate leaders that are hashing this out. and what they're looking to negotiate is a deal that would extend current low tax rates for middle income americans. we don't know the exact threshold levels. so would it be people who make $400,000 and less, would it be $250,000 and less. but something that would extend low rates and then increase them above. extend probably unemployment benefits and some kind of patch for the alternative minimum tax, probably. probably a fix for the doctor to receive medicare payments. and then some other components. this is just based on prior discussions and what we know each side wanted going in. we don't know about the estate tax and some other elements. and we also don't kno
't report on it every year. this happens for years. congress passes fixes to the amt, and the latest one is now being held hostage by all of these negotiations going on with the fiscal cliff. it's sometimes called the wealth tax. it was created back in the 1960s and what it was meant to do was stop rich people from dodging taxes. here the problem. it was never adjusted for inflation, so congress has to go in every year and temporarily raise the income exemption levels. the thing is, it's one of many tax provisions that need to be addressed in these cliff talks. until it is, it means up to 100 million people may not be able it to file their tax returns until late march. there are lots of americans who need to file much sooner than that, and they're the ones that need the money most. low income families with pretty simple returns who rely on refunds to cover, you know, holiday bills or something like security deposits on an apartment. this could really sting them the most. suzanne. >> and alison, this actually happened two years ago when there was a delay for the filing. how did that impac
over what congress has failed to do. adjourning without passing an aid bill for victims of hurricane sandy. >> the rug is pulled out from under us. absolutelyindefensible. >> absolutely absurd. >> shame on you, mr. speaker. >> reporter: the failure to even vote on the $60 billion bill prompted an outburst from chris christie. >> 66 days and counting. shame on you. shame on congress. >> reporter: his wrath aimed squarely at republican leaders in congress. >> they forget, we sent them there. we sent them there to do the work for us. not to sit down there and play with each other. >> reporter: all that sound and fury apparently paid off. late today, speaker of the house john boehner said that aid to victims of hurricane sandy would be the first priority of the new congress that gets sworn in tomorrow. the first vote for sandy victims coming on friday. >> all right, jon, thank you. but let me ask you this. we've had relief now about one crisis averted, but when is the next one? >> reporter: we have potentially three fiscal cliffs coming up. the first one comes next month, when the govern
bills passed by congress this year. this compares to 383 bills passed last year. his approval rating currently stands at a nice round that 18% according to politics average. from the youth list to the downright e'en, a survey from airfare revealed that flyers found -- nearly 25% of the vote. united airlines coming in second with 21% and followed by alta and u.s. airways. the social network suspending its new year's eve messaging tool. it allowed them to read the messages of private users. diane, a big raise. >> that is right. we are watching netflix shares very closely. this comes out after they cut his take last year. the stock is up almost 32% since the start of 2012. reed hastings is doubling his outlook. trading is light as expected. the dow is up 11. the nasdaq is up about 22. the s&p is up about five points. dagen: thousands of small businesses around the country are waiting for the outcome around washington. the results could have a serious impact when it comes to withholding taxes from employees paychecks. jeff flock has more. jeff: take a look at this customer care service c
and simply pass them and amend them the way we wanted so we can get the congress. i'm sort of befuddled by that. >> that's a good point. jonathan allen raised an interesting point and it speaks to what you just said as well, david. this is from politico yesterday. a cliff dive means blaming president obama for a big dive in the short term. jonathan allen goes on to say ooh an easier sell to constituents than a pre-cliff deal. are there members holding out to gain political ground back home, marte in? >> i don't think so. i think think that's an awfully cynical view and there are pressures on members that some of your other guests have talked about, some of the tea party members who feel like they might get a primary against them or they might not be able to be reelected if they went down this road. here's the problem. if i understand correctly what happened recently, there are 190 republicans who are ready to vote for plan b. there are 50 republicans who will vote no in the republican conference and so boehner said because he being aren't get 218 votes he would let the 50 who would vote
, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate democrats in hopes of ironing out a mini deal. is he actually trying to sell it to several key democratic senators who are skeptical to say the least. a big union leaders is weighing in as well. is he not happy with what he has heard of the deal so far. we're positioned just outside again for the vice president's arrival. then, inside, just outside the senate chamber, well it, there are the republicans, several senate republicans have already announced opposition. but, if whatever comes out, legislation wise makes it through the senate tonight somehow, how the house speaker and his g.o.p. caucus potentially deal with this tomorrow, january 1st, 2013 is the real question. since we haven't mentioned this yet, but there are no new spending cuts in this potential deal. we are technically going over othe cliff. but can washington calm econom
in 60 years. 219 bills have been passed. that's compared to 383 bills passed by the last congress. 460 by the one before that. >>> despite that terrible record president obama has signed an executive order giving returning members of congress up to a 1% raise ending a pay freeze going back to 2009. >>> the nature did put in some extra working hours last night but there was some grumbling. one senator said quote this is definitely not a kumbaya moment. and that's your morning dish of scrambled politics. for your new year's eve weather we turn to bill karins. happy new year's eve morning. >> it's a big day, right? >> it is a big day. and a cold one. >> maybe not for you and i but for everyone else it's a fun day. last day of 2012 is very cold. snow to talk about. no big blockbuster snowstorms. the cold air is the story. easily the coldest week of the winter season. in white winter advisories. texas, panhandle of oklahoma, southern indiana and illinois this is where light snow is heading your way. winter weather advisory usually means you'll have slippery travel but not like a blockbuste
on the least productive congress in history. we have 218 bills this congress has passed. the lowest number since this has been tracked. the lowest number before that was 333. let's go through the highlights of this congress. no farm bill. milk prices will be going up if we don't pass the farm bill. by the way, the debacle we saw on the senate on the u.n. disability treaty right in front of bob dole. that was just a bizarre moment, if you will. this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't have to go home and prove their case because they have a choir back home, and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kick
changes. >> that's become the norm. you know that congress hasn't passed a budget on time in years. when this resolution expires in march, what's going to happen? are we going up to midnight of march 1st and all that again? >> i hope not. we are working new year's eve and new year's day. it wouldn't surprise me. there could be something that changes. i don't know if president obama has leverage. he hasn't been asked what he is going to do on the debt ceiling. he said i am not going to negotiate and i am not playing those games. what does that mean? is he going to use the fringe ideas previously of the 14th amendment and bring it up to say he is bypassing congress or throw out a trillion dollar platinum coin? this is where the conversation is at this point. the debt ceiling is something congress has to vote on unless president obama does something we have never seen before. >> and republicans as we read the bottom of the screen, they are vowing to use the debt ceiling as leverage. is that going to work? do they have that leverage? we spoke with adam schiff and he said everybody has a litt
passed by the last congress, 460 by the one before that. >>> despite that terrible record president obama has signed an executive order giving returning members of congress a 1% raise. >>> and the senate did put in some extra work hours last night but there was some glumbling. one senator said quote this is definitely not a kunbaya moment. >>> now for a look at your new year's eve weather let's turn to bill karins. happy new year's eve morning. >> big day, right? >> it is. going to be a cold one. >> maybe not for i but for everyone it's a cold. a little bit of snow to talk about. no big blockbuster snowstorms. the cold air is the story. easily be the coldest week of the winter season. areas in white winter weather advisories from new mexico, north texas, panhandle of oklahoma across kansas, missouri, southern indiana and illinois this is where light snow is heading your way. winter weather advisory means slippery travel but not a blockbuster event and cancel your events. travel with care especially northern, the panhandle of oklahoma, up through kansas this morning the snow is breaking
in place. >> they'll have time enough after the new congress is seated to pass legislation thand eithe extend our previous farm bill or perhaps even pass a new farm bill. >> reporter: but eventually congress will have to agree on something. or a staple at the dinner table could soon turn into a luxury. stephanie gosk, nbc news, chicago. >>> and up next, a new list of some of the like, you know, most annoying words. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dinin
. >> last time i looked congress appropriated the money. it's bills passed due. >> which congress? the republican house of representatives all voted against that. the spending that's -- >> plenty of other money in there, though, this congress voted for, the house-led republicans went along with a lot of spending in the past two years. look, at this stage, john boehner could have had a deal a couple of weeks ago that would have included some modification on the c.p.i. for social security recipients, and the president said, as well, some adjustment against the wishes of his own party members, he was willing to talk about the raising the retirement edge, the eligibility age. >> democrats in senate said that was off the table, that was never a reality. second of all, we're in a position that we're dealing with spending cuts -- >> didn't john boehner reject a better deal from his values, according to his principles, that he ended up -- he then ended up finally leading the house to vote for last night? >> no, because last night was not a final deal. last night was a debate over how much
nd. 3 33 p, 3 3 congress has reached an &pagreement that keeps the fiscal cliff. as martha shade explains... theehouse of representatives voted tuesdaa niggt to approoe in the day. ill passed earrier - 3 &pthe nays are 167, the motion issadopted) the house aprroved the measure passed earllerrin the day by the senate. it raises taxes on individuuls earning moreethan 400-thousand more than 450-thousand dollars a year. it also exteeds unemmloyment benefits. spenddng cuts will not be addressed for two months -- which was a ddsappointment for many republicans. thh senate, the president and the vice &ppresident failed to meet thei obligation, their own statee ooligation whicc as to brrng us a balanced bill. one that also had spendinggcutss this one ffils at thaa and faiis badly. president obama pprisedd agreement that protects the miidle class. thanks to the votes of democrats nd republicans in congress, i will sign a law that raises americans whiieepreventing a middle-class tax hike that could have sent the economy back into recession and obviously had severe impact on famiiies al
as $7 a gallon if congress fails to pass a new form bill. gas is cheaper. the governor -- former would have to follow legislation dating back to the truman presidency which would force washington to buy milk at inflated prices. it would be based on what a cost to produce milk in 1949 when it was basically done by hand. speaking of the fiscal cliff, starbucks is making a political push. the ceo wants d.c. area stores to read the words come together serve thursday and friday. he wrote president be bystanders, you and your customers have an opportunity and i believe we all have a responsibility to spend our -- send our elected officials a respectful but potent measurmes. the writing exercise will be carried out employees at 120 starbucks around d.c. president obama and congressional leaders will go back to work thursday. if they do not reach a deal by next week, tax hikes and automatic government spending cuts take effect. >> shoppers descended to grab christmas sales. they rushed into shops when the doors opened. some stores cut prices up to 75%. the day after christmas is very important
that the congress should pass and last night when it came to the briefing room he said he was flexible and compromise on deficit reduction but a minute later said he is not going to compromise debt ceiling. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. >> now white house officials says the president is firmer about that because he believesat kreiger a year and a half ago scared the markets, scared consumers and had a big bad impact on the chief, john. >> don't republics say that the debt ceiling is the only tool they have to get the president to cut more spending. >> that's right. they are basically saying look at a time when we have $16 trillion in debt. we have to have this debate. and republicans like richard shelby said today that the real problem with this deal from last night is that it doesn't cut any spending. take a listen. >> this will be part of his legacy. the failure to step up and do the big thing when he could,
. the tax agency has warned congress that if no new policy is passed, the irs will need to reprogram its computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to avert spending cuts at the same time tax cuts expire. one alternative being floated - congress may let income taxes go up on everyone one tick past the stroke of midnight, then quickly vote to decrease tax rates for most americans back to 2012 levels. meanwhile, starbucks ceo howard schultz wants his employees to send a message and scrall, "come together," on cups for drink orders in the d.c. area. it's the first time employees have been asked to write anything other than customers' names on cups. former members of a regulatory agency are walking the well worn path from washington to wall street. since june, 9 members of the commodity futures trading commission have taken jobs at financial firms including jpmorgan chase and japanese investment bank nomura, according to the wall street journal. members of the cftc have been ma
i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws they pass. let a repeat. we cannot not pay bills we have already incurred. if congress defuses to give the government the ability to pay these bills on time -- refuses to give the government the ability to pay these bills on time, consequences will be worse than the fiscal cliff. the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged. growth dropped. we cannot go down that path again. today's agreement in shrines in principle into law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the sum total of the agreements we reached so far proves there is a path forward. that it is possible. if we focus not on our politics, but on what is right for the country. the one thing i thin
will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously the house felt a bit jammed by the senate. did mitch mcconnell jam john boehner and force boehner's hand? >> he didn't force boehner's hand, but he did step up in a way that boehn
and although congress missed a january 1st midnight deadline by-passing the compromised deal in the house and senate, congress can take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one and a critical one for the future of the country. >> reporter: now in about two months, congress needs to deal with spending cuts they put off and there will be a fight over the debt ceiling. reporting live in federal hill, sherrie johnson, abc2 news. >>> so the deal is done and we won't pay anymore in taxes this year. but it's not true. the fiscal cliff deal keeps income tax rates at courage level for 98% but doesn't extend the payroll tax cut. more will go into socialsecurity. most lower and middle income familiesly vied -- families will avoid a thousand more in income taxes they will pay more for payroll taxer. >>> 2013 means changes are coming to health care. big thing to watch is with the health insurance exchanges. they have to be up and running by october 1st. only 18 states including maryland on thed to build their exchange -- opted to build their
to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange. other things you need to watch out for, contributions to a flexible spending account is limited to 2500 dollars. you're allowed to deduct more un
passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers got a pay raise was in 2009. >>> this morning, i want to tell you about the fact that we know the name of a man pushed to his death at a new york city subway station now. he's identified as 46-year-old dusend. a sketch of the suspect. she's described a
of weapons. congress passed a law. states have such laws that they passed. if she helped someone she knew was a known felon purchase firearms, she is guilty under that statute. that is what they're going. the state, new york, class c felony which is lowest level felony, she filed a false application. these are crimes and al gigss that happened two years ago. fred is a very experienced former federal prosecutor. they know normally before they indictment someone they have their ducks in a row. not so in this case. the feds arrested her afterwards. we have sandy hook. columbine, rejuvenation of argument of second amendment. a pint of sweat will save a gallon of blood. they want to stop felons from having people directly or indirectly help them get weapons. >> that is not where the federal form says. that is not what the federal form says. are you person who will use and possess this firearm. she said yes. that is not true. that is false statement that is different crime. >> fred, she claimed she was the one that used firearms. that they were stolen. uma: guys. this is case we'll watch very c
the current 112th congress has passed making it the least productive congress on records. the previous record holder the 104th congress passing just 1834 measures. and $200,000. that's the cost of possibly the best wedding gift ever. tickets to space. out of this world gift thank mother for saving her from a fire. winslet married branson's nephew ned rock and roll. >> juliet: that can't be real. >> new last name will be kate rock and roll. >> 20-year-old college student arrested for wearing fake ammunition belt to class. he spent a week in jail before his $50,000 bail was reduced to $500 here is the question we are asking. is this justified because of what happened in new town? let's ask psychothera and school counselor who joins us this morning this kid sounds on the surface wore ammunition belt to school. seems like poor taste right now maybe one thing. but he had a little bit of a history with the police also, too, right? >> it's not halloween it's not a-year-old playing gio in the backyard. three days after the connecticut massacre. other part of this story is he was actually expelled for
on the most -- the least productive congress in history. we have 218 bills this congress has passed. the lowest number since this has been tracked. the lowest number before that was 333. let's go through the highlights of this congress. no farm bill. by the way, the debacle we saw on the senate on the u.n. disability treaty right in front of bob dole. that was just a bizarre moment, if you will. this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> david, i think it's also important to go back to the president's argument, that, yo
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